Domani Wealth, LLC (Lancaster)

Name: Domani Wealth, LLC
Address: 1869 Charter Lane, Lancaster, PA, 17601 5879
Telephone: 717-393-9721

Domani Wealth, LLC is a large advisory firm based in Lancaster. It manages $1.07 billion of regulatory assets for 923 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Colorado, Connecticut, and 9 other states.

Domani Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Domani Wealth: assets under management

The assets under management (AUM) of Domani Wealth, LLC is $1.07 billion. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.06 billion in discretionary accounts and $15.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.15 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.13 million.

Domani Wealth has custody of $63.95 million in cash and securities for 48 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Domani Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Francis Hensler serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John Francis Hensler is high net worth individuals with 398 clients and $898.21 million of assets under management. Among the 11 most similar advisory firms, Domani Wealth has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.07 billion for 923 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Domani Wealth doesn't advise any private funds.

Careers at Domani Wealth, LLC

The company employs 25 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 23 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Francis Hensler has been acting as President since 1 Jan 2015. Scott Douglas Michael joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Douglas Michael	Chief compliance officer	1 Jan 2015	Other	1976603
Thomas Keith Williams	Chief executive officer	1 Jan 2015	Other	3126354
Angela Michelle Stephenson	Chief operations officer	1 Jan 2015	Other	3126360
John Francis Hensler	President/treasurer	1 Jan 2015	Other	6442655
Henry Posner	Member of board of managers	1 Jan 2015	Other	6061705
Thomas David Wright	Chairman of the board	1 Jan 2015	Other	5499967
Robert Anthony Pietrandrea	Member of board of managers	1 Jan 2015	Other	6442658
Llc Hawthorne Wealth Management Holdings	Owner	1 Jan 2015	75% - 100%	47-2404408

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Hawthorne Partners Ii	Managing member	1 Jan 2015	75% - 100%	27-4355061
Lp Hjp Acquisition	General partner	1 Jan 2015	75% - 100%	45-3730457
Lp Blair Oak Investments	General partner	1 Jan 2015	25% - 50%	27-4115547

Based in Lancaster

The principal office where Domani Wealth, LLC performs its advisory services is located at 1869 Charter Lane, Lancaster, PA 17601 5879 The mailing address of the firm is 221 West Philadelphia Street, York, PA 17401 2993. An additional office of the firm is in Hanover, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 717-393-9721 or by fax 1-877-496-2542. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at domaniwealth.com.